Home Insurance in Bloomfield Hills, Michigan
Homes in Bloomfield Hills carry a median value of $947,900 - 176% higher than the Oakland County median.
The typical home in Bloomfield Hills was built around 1972. About 25% of homes were built before 1960, about 3 points below Oakland County's 28%. Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild.
Housing in Bloomfield Hills breaks down to 81% single-family homes and 9% apartments in buildings with 5+ units.
51% of owner-occupied homes in Bloomfield Hills carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
Bloomfield Hills has an owner-occupancy rate of 86% and a vacancy rate of 7%; unoccupied homes typically need a different coverage form.
85% of homes in Bloomfield Hills are primarily heated with natural gas.
What's the biggest home insurance risk near Bloomfield Hills? FEMA's National Risk Index points to tornado (Very High) in Oakland County and Oakland County had 1,433 active NFIP flood policies as of September 2026. See the full Oakland County home insurance overview for all FEMA hazard ratings and flood coverage details.
According to the NAIC homeowners insurance report (2023 data), a standard HO-3 homeowners policy in Michigan carries a statewide average premium of $1,110 per year.
Key figures
| Median home value | $947,900 |
|---|---|
| Median year built | 1972 |
| Owner-occupied share | 86% |
| Share of owner-occupied homes with a mortgage | 51% |
| Top county hazard | Tornado (Very High) |
| Active NFIP policies in Oakland County | 1,433 |
| Home insurance premium | $1,110 - statewide average (NAIC, 2023 data) |
Nearby towns
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)